Ajman’s November real estate transactions amount to AED1.4 billion

The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions during the month of November, with a total value of AED 1.4 billion, while the total volume of trading amounted to AED 794 million, as “Al Jurf 2” witnessed the highest sale, with a value of AED 23 million.

Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, confirmed that real estate transactions in Ajman achieved a growth of 73 percent compared to October 2022, In order to maintain an upward pace of performance that reflects the vitality of the real estate sector in the emirate and its attractiveness and suitability for various categories of investors, due to its diverse and highly competitive options compared to other regions.

Al Muhairi indicated that the department recorded 123 mortgage transactions with a total value of AED 437 million, where the highest mortgage value was recorded at AED 93.5 million in the “Al-Nakhil 1” area, and the “Al Zahia” neighbourhood came on top of the list of the most heavily traded neighbourhoods, followed by “Al Yasmeen” and the “Al Bahia”. The “Emirates City” project topped the list of the most traded major projects, ahead of “Ajman Uptown” and “Ajman One” projects.

WAM – Khoder Nashar